Did buying a beachfront property ever occur to you? Whether you are looking into this idea as an investment or as a fulfilment of a lifelong dream, there are factors that you need to take into account. Here’s a beachfront property buying guide to help you find a real estate investment in the Philippines that you won’t regret.
Your Quick Guide to Buying a Beachfront Property in the Philippines
1. Take Advantage of Tourist Appeal
There are lots of attractions in the Philippines and among the topmost favorites are beaches. If you are eyeing a beachfront property, it’s best to consider its tourist appeal. Beachfront properties in Palawan, Boracay, Batangas and Cebu are among the options that can give you the edge in terms of return on investment. Aside from the possibility that a property’s value will be preserved and even increased in the long run, business opportunities await you in properties that are considered as tourism magnets.
2. Consider Natural Calamities
One of the most pressing concerns nowadays is the effect of climate change on real estate. And naturally, any property near the beach will be exposed to elements like typhoons, strong winds, shoreline shifts, and others. As much as possible, you’d want to make the most of your beachfront investment. You have to ensure that your chosen property will be able to withstand such elements. Although natural calamities are unpredictable, you can have peace of mind with a real estate developer that has a good track record and keeps up with updated building codes to withstand harsh conditions.
3. Accessibility is a Must
A good beachfront property in the Philippines should be easily accessible. This should offer you the convenience anytime you want to visit your vacation home. On the business side, accessibility is a factor that can influence how well you will be able to rent out your property throughout the year. Most if not all renters would prefer a property with good transport links. Therefore, it is best to check if a beachfront property can be served by airports or seaports or if public transportation within the area is readily available.
4. Look into Condotels
There are condotels in the Philippines located near the beach that can guarantee a return on investment. Condotels usually have the edge in terms of location as developers choose high-traffic areas. Amenities are also readily available for you or for your future renters. While beachfront properties usually require high-maintenance due to their exposure to elements, with condotels, you wouldn’t have to worry about it at all as the property developer will already take care of that for you. With all these benefits taken into account, you can only expect a steady flow of passive income without added costs!
ALSO READ: 13 Passive Income Ideas in the Philippines that Are Worth Trying
The Philippines is blessed with beautiful coastlines. If you have been wanting to have your beachfront property for long, you have a lot of options. However, to make the best choice, there are still important factors you need to keep in mind. While not all beachfront properties in the Philippines are not created equally, you can rely on a trusted real estate developer to help you find the best property to invest in.
CitiGlobal offers beachfront properties for sale in Palawan to provide you with a world-class investment option. Send us a message to learn more about our projects.